RTHAX Alternatives & Similar Mutual Funds

Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RTHAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RTHAX

RTHAX charges 0.89% annually. There are 41 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.60B	Nov 2001	RTHAX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	RTHAX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	RTHAX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	RTHAX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	RTHAX vs HIMFX

Best Risk-Adjusted Alternatives to RTHAX

RTHAX has a PortfoliosLab risk / return rank of 86. There are 25 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	97	—	Feb 1985	RTHAX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	96	—	Apr 1987	RTHAX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	95	—	Sep 2015	RTHAX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	94	—	Mar 1984	RTHAX vs SRHMX
WHYIX	Allspring High Yield Municipal Bond Fund	93	—	Jan 2013	RTHAX vs WHYIX

Top Performing RTHAX Alternatives (YTD)

RTHAX is at 3.11% YTD. There are 20 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 6.66%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	6.66%	—	Nov 2003	RTHAX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.93%	—	May 2007	RTHAX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.83%	—	Jun 2016	RTHAX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.81%	—	Jun 1999	RTHAX vs NHMRX
SRHMX	Columbia High Yield Municipal Fund	3.80%	—	Mar 1984	RTHAX vs SRHMX

Lowest Volatility Alternatives to RTHAX

RTHAX has 2.90% 1-year volatility. There are 7 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	2.07%	—	Mar 2017	RTHAX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.07%	—	Jun 2015	RTHAX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.23%	—	Jan 2013	RTHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	RTHAX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.58%	—	Jun 2018	RTHAX vs TMNIX

Lowest Drawdown Alternatives to RTHAX

RTHAX has a 1-year max drawdown of -2.74%. There are 13 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	RTHAX vs FDUAX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	RTHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	RTHAX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	RTHAX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	RTHAX vs SDHIX

Other Mutual Funds from Russell

The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGEAX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
REBYX	Russell Investments U.S. Small Cap Equity Fund	Small Cap Blend Equities	78	21.99%	—	Mar 2000	RTHAX vs REBYX
RLVSX	Russell Investments Tax-Exempt Bond Fund	Municipal Bonds	84	1.72%	—	Sep 1985	RTHAX vs RLVSX
RGEAX	Russell Investments Global Equity Fund	Global Equities	59	10.00%	—	Feb 2007	RTHAX vs RGEAX
RGIYX	Russell Investments Global Infrastructure Fund	Energy Equities	60	11.48%	—	Sep 2010	RTHAX vs RGIYX
RSEAX	Russell Investments U.S. Strategic Equity Fund	Large Cap Blend Equities	47	10.13%	—	Aug 2012	RTHAX vs RSEAX
RINYX	Russell Investments International Developed Market...	Foreign Large Cap Equities	36	8.63%	—	Mar 2000	RTHAX vs RINYX
RFAYX	Russell Investments Investment Grade Bond Fund	Intermediate Core Bond	25	0.00%	—	Mar 2000	RTHAX vs RFAYX
RTDYX	Russell Investments Multifactor U.S. Equity Fund	Large Cap Blend Equities	69	11.51%	—	Jul 2014	RTHAX vs RTDYX
RALVX	Russell Investments LifePoints Growth Strategy Fun...	Diversified Portfolio	65	9.38%	—	Mar 1998	RTHAX vs RALVX
RMYYX	Russell Investments Multi-Strategy Income Fund	Diversified Portfolio	69	5.06%	—	Apr 2015	RTHAX vs RMYYX

Often Compared With RTHAX

Investors most often compare RTHAX with AMHIX, AHMFX, PRHAX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	89	2.68%	—	Sep 1994	RTHAX vs AMHIX
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	90	2.79%	—	Aug 2008	RTHAX vs AHMFX
PRHAX	PGIM Muni High Income Fund	High Yield Muni	85	3.04%	—	Jan 1990	RTHAX vs PRHAX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	81	2.52%	—	Jan 1987	RTHAX vs SHYTX
REAYX	Russell Investments Equity Income Fund	Large Cap Value Equities	84	14.85%	—	Mar 2000	RTHAX vs REAYX
FQTHX	Franklin Templeton SMACS: Series H	High Yield Muni	90	3.53%	—	Jun 2019	RTHAX vs FQTHX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	88	3.68%	—	Sep 2005	RTHAX vs DHMBX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	66	2.75%	—	Sep 1986	RTHAX vs CXHYX
RELVX	Russell Investments LifePoints Equity Growth Strat...	Diversified Portfolio	65	10.48%	—	Mar 1998	RTHAX vs RELVX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	84	3.70%	—	Jun 1999	RTHAX vs NHMAX
GWMEX	AMG GW&K Municipal Enhanced Yield Fund	High Yield Muni	75	2.73%	—	Dec 2005	RTHAX vs GWMEX
MMHYX	MFS Municipal High Income Fund	High Yield Muni	89	3.17%	—	Feb 1984	RTHAX vs MMHYX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	76	2.62%	—	Jan 2010	RTHAX vs ABTYX
PHMIX	PIMCO High Yield Municipal Bond Fund	High Yield Muni	85	2.94%	—	Jul 2006	RTHAX vs PHMIX
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	76	2.28%	—	Dec 2018	RTHAX vs STMYX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	91	3.56%	—	Aug 1995	RTHAX vs ETHYX
THYIX	Transamerica High Yield Muni	High Yield Muni	88	2.95%	—	Jul 2013	RTHAX vs THYIX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	RTHAX vs NMHIX
MISHX	AB Municipal Income Shares	High Yield Muni	82	2.36%	—	Aug 2010	RTHAX vs MISHX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	70	1.89%	—	Dec 2014	RTHAX vs NSIOX

Compare RTHAX with Any Fund or Stock

Compare RTHAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair RTHAX with funds that move differently

Russell Investments Tax-Exempt High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RTHAX.

Explore RTHAX Diversifiers

Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) Alternatives